The current economical crisis at the international level is based on similar mistakes of Enron Corporation. Nowadays big and small companies are completely aware of Enron manipulations in order to avoid major business mistakes. The effectiveness of business running appeared to be one of the greatest failures in American history.
#The smartest guys in the room full movie movie
The movie closely interacts with political and economical issues, financial system manipulation, and methods of running the staff. The movie underlines the methodic and failures experienced by one of the powerful American Corporations, Enron. Thus, the documentary film “The Smartest Guys in the Room” highlights the collapse of the rising star. The functioning of the current banking system undergoes a similar position (McKay, 2006). It should be stressed that during the period of Enron’s activities thousands of innocent people suffered major financial losses. The collapse of Enron Corporation discloses the extreme need for financial system reform. Nowadays profound analysis of financial markets makes to look at the system of Enron Corporation. The world financial system of the present day suffers a similar economic situation as it was shown in the movie. The current economical crisis can be perceived through Enron’s financial instabilities and its causes. The methods used by the company authority appeared to be destructive though they brought high profits. It is possible to evaluate the grave business mistakes of Enron’s running. The analysis of the movie “The Smartest Guys in the Room” gives an opportunity to be involved in numerous congressional hearings, interviews of Enron former employees, and various testimonies of top company executors. Constant blackouts allowed Enron to reach enormous financial stability inside the company. The company profit raised and even sky-rocketed immediately. As a result, the electricity price was rapidly increased and Enron happened to earn billions of dollars for shipping the energy back to California. After the adoption of California legislation, Enron managed to cause blackouts throughout the whole state. The movie focused on the well-known Milgram experiment of 1963 in order to show how the psyche state of people influences the quality of work and what grade of obedience the authority could reach through such aspect (Ebert, 2005).īesides “The Smartest Guys in the Room” discloses the process of electricity transference from California in order to supply it to numerous states with a surplus. Both methods were used to maximize corporate profits whatever the cost. People of the company were completely aware of their lies and criminal actions nevertheless, they obeyed as it was the requirement of authorities. Enron Corporation used this methodic in order to get perfect business results and profound subordination. Complete obedience to the authority of the company was fulfilled through the destruction of one’s own principles. This meant that employees had strictly obeyed the top executors and managers instructing people to perform the work which contradicted their personal conscience and conflicted with their individual understanding of the principles of work. The introduction of the Milgram experiment meant the usage of social psychological factors in the working process. The atmosphere of constant competition disregarded the law causing people to even break the law (Enron: “The Smartest Guys in the Room”, 2008). The company had to hire new and new staff for a long period it was connected with the fact that employees were constantly fired for no making 1000 times more of their work volume. The example of this method was demonstrated at the Enron Corporation. Speaking about the vitality curve it should be noted that the introduction of this business idea is aimed at constant competition between the company employees. The main issues of the movie are the disclosure of major motivating mechanisms of corporate culture:
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The analysis of the documentary film allows evaluating the business problems culminating in corporation bankruptcy. The film disclosed the Enron traders’ involvement in the electricity crisis of California. The movie is merely concentrated on the Enron Corporation collapse which led to criminal trials of top company’s executives.
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“The Smartest Guys in the Room” is considered to be a documentary film based on the criminal business scandal widely known in American history.